Business

CBE: FDI, remittances, exports fall in second quarter

CBE: FDI, remittances, exports fall in second quarter

Foreign investment in Egypt fell by US$806 million in the second quarter of the current financial year, dropping to US$894…
Govt official: Private sector cannot be forced to raise min wage

Govt official: Private sector cannot be forced to raise min wage

A high government official has said the private sector cannot be forced to raise minimum wages without the agreement of…
Finance minister rejects progressive tax

Finance minister rejects progressive tax

Finance Minister Youssef Boutros-Ghali has rejected a proposal by Shura Council members to introduce a progressive income tax."Our unified income…
Bourse breaks 7500 for first time in 19 months

Bourse breaks 7500 for first time in 19 months

Egypt's stock exchange passed the 7500-point mark for the first time in 19 months on Monday, with foreign and Arab…
Cattle farmers anticipate further meat price hikes

Cattle farmers anticipate further meat price hikes

Associations for cattle farmers and dairy producers lashed out at the government for failing to narrow the gap between local…
Industrial gas consumption rates set for FY 2010/11

Industrial gas consumption rates set for FY 2010/11

The Petroleum Ministry has set the quantity of natural gas required by Egypt's industrial projects for the next fiscal year,…
Govt moves to offset medical insurance budget shortfalls

Govt moves to offset medical insurance budget shortfalls

Health Minister Hatem el-Gabaly on Sunday said the government was currently taking measures to offset the state-run Medical Insurance Authority's…
Court rejects Mobinil sale to France Telecom

Court rejects Mobinil sale to France Telecom

Egypt's Administrative Court has overturned a decision by the Egyptian Authority for Financial Monitoring to sell the Egyptian Company for…
Inflation up to 11.8%

Inflation up to 11.8%

Prices in Egypt increased 0.7 percent in March, as inflation hit an annual rate of 11.8 percent, according to figures…
Egypt stock market hits 6 month high

Egypt stock market hits 6 month high

Stock indexes continued to rise for the second day in a row at the end of yesterday's transactions, hitting a…
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